That’s what the Post told readers in noting opposition to Senator Dodd’s bill. Of course just because they say that they are worried about their ability to provide cheap credit to consumers does not mean that this is actually their concern. Lobbyists sometimes do not tell the truth.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.